LD Micro Main Event Investor Conference December 6, 2016 NYSE MKT: ISR
Safe Harbor Statement Statements in this presentation about IsoRay's future expectations, including: the advantages of our products and their delivery systems, whether interest in and use, awareness and adoption of our products will increase or continue, whether opportunities will be available to expand the market for our products, whether changes to IsoRay's management and sales team and strategy will result in growth, whether investments in sales and marketing, production and research and development will result in growth, whether our technical assistance in the brain and gynecological applications will result in a viable commercial product for sale, whether studies and protocols will produce favorable results or lead to publications, whether peer-reviewed publications of treatment results using our products will report favorable results, whether our intellectual property will adequately protect our proprietary technologies, and all other statements in this presentation, other than historical facts, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 ("PSLRA"). This statement is included for the express purpose of availing IsoRay, Inc. of the protections of the safe harbor provisions of the PSLRA. It is important to note that actual results and ultimate corporate actions could differ materially from those in such forward-looking statements based on such factors as physician acceptance, training and use of our products, our ability to successfully manufacture, market and sell our products, our ability to manufacture our products in sufficient quantities to meet demand within required delivery time periods while meeting our quality control standards, our ability to enforce our intellectual property rights, whether additional studies are released and support the conclusions of past studies, whether ongoing patient results with our products are favorable and in line with the conclusions of clinical studies and initial patient results, patient results achieved when our products are used for the treatment of cancers and malignant diseases beyond prostate, successful completion of future research and development activities, whether we, our distributors and our customers will successfully obtain and maintain all required regulatory approvals and licenses to market, sell and use our products in its various forms, continued compliance with ISO standards as audited by BSI, the success of our sales and marketing efforts, changes in reimbursement rates, changes in laws and regulations applicable to our products, and other risks detailed from time to time in IsoRay's reports filed with the SEC. Unless required to do so by law, the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. For more information regarding risks and uncertainties that could affect IsoRay’s results of operations or financial condition review IsoRay’s filings with the Securities and Exchange Commission (in particular, it’s most recently filed Form 10-K and Form 10-Qs). IsoRay undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This presentation shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities of IsoRay nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. 2 NYSE MKT: ISR
Overview Isoray Medical passionately designs and develops innovative and personalized permanent implant brachytherapy products that effectively treat many forms of cancer. We believe in pioneering solutions for life beyond your cancer. Isoray’s Cesium-131 isotope, with a shorter half-life and higher energy than other commonly used radioisotopes for low dose-rate (LDR) brachytherapy, has been shown to be a highly effective cancer treatment with less side effects and quicker recovery time. Market Data Ticker (NYSE MKT) ISR Price (12/2/2016) $0.55 52 Week Range $0.48 - $1.30 Market Cap $30.8M Average Daily Trading (3 mos) ~103,000 Common Shares Outstanding 55.0M Cash, C ash Equivalents & CD’s * $13.7M * As of September 30, 2016 3 NYSE MKT: ISR
Investment Highlights • Only manufacturer in the world of Cesium-131 LDR brachytherapy seeds, a radioisotope which represents a significant advancement in cancer therapy with minimal side effects and at lower cost than alternative treatment options • More than 10,000 patients have been implanted with patent protected Cesium-131 seeds • Renewed focus on growth and establishing market leadership in LDR brachytherapy treatment of prostate cancer • Launched new sales strategies in September with more experienced leadership and sales team • Current LDR brachytherapy market void of leadership • Making significant investments in market development of prostate and other body parts to support assumption of leadership • Opportunities to leverage growth segments in Prostate Cancer Market • Increasing numbers of higher risk patients 2 • Evidence continues to mount supporting the use of combination radiation therapy – including brachytherapy -- for the treatment of high risk prostate cancer • Emerging interest in targeted / focal treatment options 3 • Growing clinical evidence for multiple cancer indications in difficult to treat recurrent patients • Brain, Gynecology, Head & Neck, Lung • Strong balance sheet to support growth strategy • $13.7 million cash* and no debt as of September 30, 2016 *Includes cash, cash equivalents and certificates of deposit 4 NYSE MKT: ISR
Management Team & Technology
Experienced Management Team • Director, IsoRay since 2005 before appointment as Chairman and Chief Executive Officer in early 2016. Tom LaVoy • Over 35 years experience leading and building successful, publicly traded businesses. Chairman of the Board and • Previously Deputy Chief Operating Officer, President of Corporate Services and Chief Financial Officer, SuperShuttle Chief Executive Officer International, transportation industry leader, 1997-2015. Instrumental in developing strategic growth plans including: growing revenue from $35 million to >$340 million; acquiring 30+ businesses; expanding operations to 50+ locations; spearheading sale to large international partner, Veolia Transportation Inc., in 2006. • Prior CFO, Photocomm, Inc., leader in solar electric manufacturing, engineering and distribution, 1987 - 1997. • Appointed Chief Operating Officer, March 2016; previously Vice-President R&D, 2010 – 2016. William A. • Over 20 year career in cancer treatment technologies beginning in early 1990s, including research and Cavanagh development of a therapy involving insertion of radioactive sources directly into prostate for treatment of prostate cancer. Chief Operating Officer and • Designed several cancer treatment-related studies; listed as author on 34 peer-reviewed publications; listed as Chief Scientific Officer inventor on U.S. patent application detailing a novel treatment for cancer. • Previously Director, Haakon Ragde Foundation for Advanced Cancer Studies, Seattle, WA. • Chief Financial Officer since 2013; previously Controller, 2009 -2013 and Cost Accounting Manager, 2007-2009. Brien Ragle • Over twenty years of finance, accounting and business management experience. Chief Financial Officer • Licensed Certified Public Accountant; Designated Chartered Global Management Accountant, American Institute of Certified Public Accountants. • Over 20 years’ experience of progressive growth in sales and marketing in the medical industry. Michael L. • Previously leader of brachytherapy commercial team, C.R. Bard Inc., 2001-2016, global brachytherapy market Krachon leader. • Chairman of Coalition for Advancement of Brachytherapy, 2009 – 2016. Vice President, Sales and • Recognized national speaker for brachytherapy; instrumental in successfully supporting the industry through Marketing congressional lobbying efforts to re-establish reimbursement codes for brachytherapy. 6 NYSE MKT: ISR
Accomplishments Since Appointment of New Team • Completed Top – to-Bottom strategic review • Intense focus on driving revenue growth • Resources focused on sales and marketing - Commercial team is now fully staffed • Adopted new go-to-market strategy - Increased LDR brachytherapy for key prostate cancer treatment segments - High risk patients - Targeted treatment procedures - Combo therapy - Recurrent prostate cancer from other treatment modality failures • Funds re-allocated to strategic areas • Renewed commitment to marketing, awareness, training and communication • Increasing investment in R&D • Addressing reimbursement coverage issues for other areas of the body • Manufacturing automation project • Exploring collaboration opportunities 7 NYSE MKT: ISR
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